Category Archive Business News

Potential tax increases and their impact on businesses

July 10, 2024 Comments Off on Potential tax increases and their impact on businesses By Joshua Leigh & Co

In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK.

The Tony Blair Institute’s chief economist predicts taxes may need to rise by 1.9 percentage points of GDP by the end of this Parliament to stabilise debt, potentially equating to over £50 billion.

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Protect your business against deepfake fraud scams

June 25, 2024 Comments Off on Protect your business against deepfake fraud scams By Joshua Leigh & Co

Deepfake technology has made significant advancements thanks to the progress in artificial intelligence (AI), enabling scammers to replicate a person’s appearance and mimic their voice in mere minutes or even seconds of video footage.

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Holiday accrual to come in for zero-hours workers

Following changes to the Working Time Regulations 1998 in January 2024, further amendments are set to come into force on 1 April 2024 relating to leave entitlement for workers on irregular hours.

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Understanding VAT for limited companies and unincorporated businesses

February 29, 2024 Comments Off on Understanding VAT for limited companies and unincorporated businesses By Joshua Leigh & Co

For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities.

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Working remotely – What are the tax implications?

January 11, 2024 Comments Off on Working remotely – What are the tax implications? By Joshua Leigh & Co

Working remotely has increased since the Covid pandemic, with 12.7 per cent of employees now working full-time from home in 2023.

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HMRC reminds restaurants and takeaways of VAT obligations on hot food

December 12, 2023 Comments Off on HMRC reminds restaurants and takeaways of VAT obligations on hot food By Joshua Leigh & Co

HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food.

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Becoming a freelancer – setting up a limited company

November 22, 2023 Comments Off on Becoming a freelancer – setting up a limited company By Joshua Leigh & Co

When making the decision to become a freelancer, you have two options. You can either set up as a sole trader or start a limited company.

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Financial considerations of building a new brand

April 12, 2023 Comments Off on Financial considerations of building a new brand By Joshua Leigh & Co

When it comes to creating a new brand, considering your finances is a vital part of the planning stage as you need to ensure you have the budget for all your goals.

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Preparing your business for the summer

April 11, 2023 Comments Off on Preparing your business for the summer By Joshua Leigh & Co

If you run a business in a tourist hotspot, you need to get prepared for the summer.

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Capital allowance – Changes for plant and machinery expenditure

March 29, 2023 Comments Off on Capital allowance – Changes for plant and machinery expenditure By Joshua Leigh & Co

Capital allowances are a form of tax relief for businesses. They allow you to subtract some or all of the value of an item from your profits before you pay tax.

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